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Swedish multinational device maker Electrolux has actually obtained U.S.-based beverage systems and commercial coffee grinding and making manufacturer Grindmaster-Cecilware for $108 million USD in money factors to consider. Grindmaster as well as Cecilware merged in 2009 in a deal led by majority owner BNY Mezzanine Partners L.P., as well as the Grindmaster-Cecilware business, headqurtered in Louisville, Ky., with an added production center in Rayong, Thailand, celebrated 100 years in production in 2011.

While the firm produces a variety of foodservice products, coffee drink systems have actually continued to be at the heart of the product line of both the Grindmaster and also Cecilware brand names over the past century. In 1963, Cecilware presented the FE100, the first fully automatic electric coffee container, and Grindmaster's space-saving box-like retail grinders have been staples in supermarket coffee aisles because their introduction in the 1970s.

FSX, the Food Service Exchange, is the commercial food service industry's go-to source for purchasing overstock, discontinued, and scratch-and-dent equipment and supplies, and you will be shocked at how good our prices are (an average discount of over 50% of today's market price).

The FSX online marketplace provides restaurants, caterers, schools and other food service facilities with access to a wide assortment of products. The exchange allows for direct sales between pre-approved sellers and buyers, ensuring a seamless, reliable, and fast timely transaction process. Whether it is a model from a previous year or an item with a slight imperfection, buyers can purchase anything they need from our extensive pool of pre-selected, certified top equipment manufacturers and dealers. With Food Service Exchange, customers can expect premium equipment and supplies, amazing prices, timely shipping, and consistent satisfaction. Find out more information today about FSX Food Service Commercial Kitchen Equipment and Restaurant Supplies at 20 - 50% off market prices, with a minimum 90-day warranty. Plus, 5-star customer service reviews, unmatched 90-day warranty, and always free shipping!

Electrolux, meanwhile is just one of the largest home appliance producers in the globe in regards to devices sold, with most of its brands residing in the home and kitchen appliance classifications. "We are really pleased to enhance our portfolio with such an attractive variety of beverage products, as the combination better satisfies consumer requirements, particularly amongst food solution chains," Head of Electrolux business area Specialist Products Alberto Zanata claimed in the launch.

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Grindmaster-Cecilware, the Louisville Ky., manufacturer of warm, cold and icy beverage dispensing tools, has been acquired by Electrolux, the Swedish foodservice and washing equipment maker. The procurement was introduced March 2. "We are extremely happy to complement our portfolio with such an attractive variety of beverage products, as the combination better satisfies customer needs, especially among foodservice chains.

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Grindmaster-Cecilware's brand names, Grindmaster, Cecilware, Crathco, and American Steel Warereported sales of $65 million in 2016. Electrolux introduced Thursday it has gotten Grindmaster-Cecilware, a leading U.S. based producer of warm, chilly and also icy drink dispensing devices, including coffee devices. The procurement widens Electrolux offering in its food solution organization and also will certainly accelerate the development of the Professional Products business location.

The firm is based in Louisville, Kentucky and also has manufacturing facilities in Louisville and also in Rayong, Thailand. Grindmaster-Cecilware offers products under the marketplace leading brands Grindmaster, Cecilware, Crathco, and American Steel Ware (electrolux grindmaster). "We are extremely delighted to enhance our profile with such an appealing series of drink products, as the combination better fulfills customer requirements, particularly amongst food solution chains.

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STOCKHOLM, Mar 02, 2017/ PRNewswire/-- Electrolux today introduced it has acquired Grindmaster-Cecilware, a leading U.S. based supplier of hot, chilly and also icy drink giving devices, consisting of coffee devices. The acquisition widens Electrolux offering in its food solution business as well as will speed up the development of the Specialist Products business area by boosting access to the united state

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Grindmaster-Cecilware had net sales over of USD 65 million in 2016 as well as approximately 200 workers. The money consideration in the purchase is USD 108 million. The firm is based in Louisville, Kentucky and also has manufacturing centers in Louisville as well as in Rayong, Thailand. Grindmaster-Cecilware offers products under the marketplace leading brands Grindmaster, Cecilware, Crathco, and also American Steel Ware.

This move will certainly likewise strengthen our existence in North America, one of the largest worldwide markets for expert appliances," said Alberto Zanata, Head of Electrolux company location Specialist Products. Grindmaster-Cecilware, majority possessed by BNY Mezzanine Partners L.P., was created in 2009 with the combination of Grindmaster Corporation and also Cecilware Corporation, two companies with a greater than 100-year heritage.

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gmcw.com. Electrolux Press Hotline, Tel: 46-8-657-65-07. This details was offered you by Cision http://news. cision.com The following documents are available for download: resource Electrolux Related Hyperlinks.

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Mike Tokach CHARLOTTE, N.C.Electrolux Expert The United States And Canada announced that sector veteran Mike Tokach will certainly join the Electrolux family of brand names in the capacity of Head of Sales Workflow for North America. The recently produced placement will function with bringing together Electrolux and also Grindmaster-Cecilware procedures and procedures into a common platform as well as technique. Coverage to Tokach will be the groups of Client service, Logistics, Preparation, Pre-Sales, and Administration for the Charlotte, North Carolina, and also Louisville, Kentucky, campuses. As Electrolux acquires new firms, Tokach will certainly likewise play an integral role in bringing the obtained service in-house in a timely and also reliable way. Tokach has operated in Client service, Supply Chain Administration, as well as Business & Advertising for the last 25 years, with one of the most recent years remaining in the Food Service Market. We make use of cookies to give you with a better experience.

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Electrolux Specialist has revealed the revival of its partnership with Worldchefs, extending the number of countriesthat will benefit from a global program of activity throughout Task. Electrolux Specialist introduced business adjustments in January to aid totally incorporate the Grindmaster-Cecilware group right into the Electrolux Professional organization as well as line up the brand-new organization for focused growth. Brands- Devices A-K 3M/Cuno, Berner, Dough, Xpress, Electrolux, German Blade, Grindmaster-Cecilware, Italforni U.S.A. Brands- Equipment L-Z Mr. Winter Months, Gleam, Rankin-Delux, Turbo Air Brands- Supplies/Smallwares 3M Filtration, Rockline Industries, Winco Materials: Solution Concepts (Coffee, Roasters/OCS only) Equipment, Janitorial/Sanitation/Disposables, Supplies/Smallwares , Tabletop Yes Yes 3 01 -New England Connecticut, Connecticut (Fairfield County), Connecticut (Southern ), Connecticut (Western ), Maine, Massachusetts, New Hampshire, Rhode Island, Vermont 1999 1988 Ice Machines, Refrigeration- Walk-In Owen Freeman.

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FSX, the Food Service Exchange, is the commercial food service industry's go-to source for purchasing overstock, discontinued, and scratch-and-dent equipment and supplies, and you will be shocked at how good our prices are (an average discount of over 50% of today's market price).

The FSX online marketplace provides restaurants, caterers, schools and other food service facilities with access to a wide assortment of products. The exchange allows for direct sales between pre-approved sellers and buyers, ensuring a seamless, reliable, and fast timely transaction process. Whether it is a model from a previous year or an item with a slight imperfection, buyers can purchase anything they need from our extensive pool of pre-selected, certified top equipment manufacturers and dealers. With Food Service Exchange, customers can expect premium equipment and supplies, amazing prices, timely shipping, and consistent satisfaction. Find out more information today about FSX Food Service Commercial Kitchen Equipment and Restaurant Supplies at 20 - 50% off market prices, with a minimum 90-day warranty. Plus, 5-star customer service reviews, unmatched 90-day warranty, and always free shipping!

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